Interesting thoughts here. The idea is to start with 100 SBDs sold per day and then if there are no hiccups ramp up to the proposal amount of 2,400 per day. And yes I agree with multikey wallets being used. There won't be a situation where one person can enrich themselves at the expense of everyone else, and on that note remember we can remove votes from the proposal if things do not go as planned.

Your point about the DAO being robust gives STEEM value is interesting but probably not one that is currently playing a factor. Perhaps if the price of steem were to get low enough this may come into play, though.

The odds of this proposal burning all the SBDs in the fund is likely slim to none, though we won't know until we try it. Currently there is roughly 2,400 new SBDs flowing into the DAO every day and the fund has almost 4.6 million SBDs total. My guess is SBDs get back to a dollar long before we chew through that many SBDs. Especially considering we are doing a proposal for 2,400 SBDs per day. And remember, we aren't burning an asset for the sake of burning an asset, we are transferring that value over to STEEM where we will be buying off the exchanges (buying on internal market but that supply comes from Exchanges) and likely positively impacting market prices.